Bloomberg strategist doubts ether will break above $2,000 soon

In the coming months, ether (ETH) won’t be able to break resistance around $2,000. That’s the prediction made by Bloomberg analyst Mike McGlone.
And he admits that altcoin can trade in a narrow range during the last 12 months. In this case, ETH will unlikely be able to stay above $2,000 until the spring of 2024.
On Twitter, McGlone posted a post comparing the achievements of ether and the Nasdaq stock index. The latter only reached a 52-week high in the second quarter, while ETH failed to hold steady at $2000 and fell below $1900.

Leave a Comment